Ascena Retail Group Inc (NASDAQ:ASNA) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its holdings in Ascena Retail Group Inc (NASDAQ:ASNA) by 190.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,661,002 shares of the specialty retailer’s stock after acquiring an additional 3,709,522 shares during the quarter. Invesco Ltd.’s holdings in Ascena Retail Group were worth $3,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sapience Investments LLC grew its stake in shares of Ascena Retail Group by 13.0% in the 2nd quarter. Sapience Investments LLC now owns 10,395,417 shares of the specialty retailer’s stock worth $6,341,000 after purchasing an additional 1,197,266 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ascena Retail Group by 5.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 5,266,883 shares of the specialty retailer’s stock worth $3,213,000 after acquiring an additional 260,054 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Ascena Retail Group by 232.0% in the second quarter. Canada Pension Plan Investment Board now owns 4,337,756 shares of the specialty retailer’s stock worth $2,646,000 after acquiring an additional 3,031,249 shares in the last quarter. ICM Asset Management Inc. WA increased its position in shares of Ascena Retail Group by 71.5% in the second quarter. ICM Asset Management Inc. WA now owns 3,196,943 shares of the specialty retailer’s stock worth $1,950,000 after acquiring an additional 1,332,589 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Ascena Retail Group by 3.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,980,211 shares of the specialty retailer’s stock worth $1,818,000 after acquiring an additional 95,643 shares in the last quarter. 97.11% of the stock is currently owned by institutional investors.

Separately, ValuEngine raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Ascena Retail Group currently has an average rating of “Hold” and an average price target of $1.64.

Shares of Ascena Retail Group stock traded up $0.01 during trading on Monday, hitting $0.38. The stock had a trading volume of 66,651 shares, compared to its average volume of 6,391,504. The stock has a 50 day simple moving average of $0.29 and a 200 day simple moving average of $0.71. The company has a market capitalization of $76.15 million, a PE ratio of -0.40 and a beta of 1.01. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 8.86. Ascena Retail Group Inc has a 1 year low of $0.20 and a 1 year high of $4.73.

About Ascena Retail Group

Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.

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Institutional Ownership by Quarter for Ascena Retail Group (NASDAQ:ASNA)

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